BMI Cautious Despite Record May Car Sales

New vehicle sales in Australia appeared to defy the hike in interest rates in May, as growth of 18.3% year-on-year (y-o-y) resulted in record sales for the month. However, BMI warns that the effects of the interest rate rise will be felt in the remainder of the year, while sales for the earlier months of the year are still being compared with a low base during the economic crisis last

To read the full article, please choose one of the following options: